Japan's trade deficit widens in April

Note: This section contains information in English only.
Source: Bloomberg
A day after Fitch ratings agency downgraded Japan's debt rating, the country reported smaller then anticipated exports and bigger than expected trade deficit. Exports rose 7.9% with comparison to the same period last year. This underscored estimations of specialists by 3.9%. Trade deficit increased from JPY 84.5b to JPY 520.3b (USD 6.5b) in one month. Specialists state that all major Asian economies experience decrease in exports due to political instability in Europe which might slow down growth of these economies.
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Wed, 23 May 2012 09:34:14 GMT

Euro hits the lowest level in 20 months

On Wednesday, at around 8:30 GMT, Euro sank to the lowest level against the dollar since the end of August 2010. This continued the losses of European stocks before the European leaders meeting. The pair hit USD 1.2613 level today after decreasing to USD 1.264 from USD 1.269 on two previous trading sessions this week.

Wed, 23 May 2012 10:57:45 GMT

European stocks fall before EU summit

European stocks dropped earlier today, following the comments from Greece's ex-Prime Minister Lucas Papademos and in anticipation of the EU summit. Papademos mentioned that preparations to exit the single currency area are under consideration. Resources and banks, which were leading yesterday, are falling today. At the time of writing the Stoxx Europe 600 index dropped 1.03% to 242.25 points, the CAC 40 index lost 1.30%

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